Earned Value Management Training: Public dates / On Site

Course Name:

Earned Value Project Management – Introduction

Description:

This training course provides an introduction to the concepts, benefits, principles and processes of Earned Value Project Management. In particular, it will show how to implement Earned Value Management successfully, while defining the conditions that inhibit effective project performance management.

Duration

1 day - Cost: £399.00 Plus VAT

Intended for (who)

All project, programme and business management personnel who require an understanding of the principles, practices and issues of Earned Value Project Management.

Course objectives:

•  To provide an understanding of benefits of Earned Value Project Management
•  To define the principles and practices of effective Earned Value Project Management
•  To define the characteristics required in project planning and management processes to ensure effective performance management
•  To teach how to interpret the data and outputs of an Earned Value system

Course Sessions:

Session aim/ objectives / purpose / benefits

Overview of EVM

•  Background – the origin and history of Earned Value Project Management
•  Benefits – the potential benefits of effective Earned Value Project Management
•  Impact – the impact of implementing Earned Value Project Management on the business

Project Structures:

•  Developing effective structures that enable and enhance EVM:
•  Product Oriented Work Breakdown - benefits in relation to planning and EVM
•  Organisation Breakdown
•  Cost Breakdown
•  The role of Integrated Product Teams (IPTs)
•  Identification of Control Accounts and role of the Control Account Manager

Performance Measurement Baseline:

•  Developing effective structures that enable and enhance EVM:
•  Using the WBS from Estimating to EVM
•  Structuring the Performance Measurement Baseline (PMB)
•  Incorporating estimating uncertainty
•  Integrating risk management with the Earned Value Management baseline
•  Formal review of the emerging PMB

Using Earned Value Data

•  Calculating and Using Key EVM elements:
•  Planned Value (BCWS), Earned Value (BCWP), Actual Cost (ACWP)
•  Earned Value performance management: Schedule - Schedule Performance Index; Cost Performance Index; Project Forecasting using Earned Value Management; Estimate at Complete; Independent EACs (EAC); To Complete Performance Index
•  Using EVM data at Business and Project Reviews

Earned Value Case Study

•  EVM change programme
•  Fundamental objectives and success factors
•  The role and value of IPTs to project planning and EVM
•  Key attributes of model programmes
•  Integration of supply base plans and data
•  Evidence of actual benefits achieved